UTI MF ties up with StanChart Bank for NFO

Mumbai, Oct 26 (UNI) UTI Mutual Fund today said it has entered into a tie-up with Standard Chartered Bank for accepting its New Fund Offer (NFO) applications in Dubai.

After this tie-up, Non Resident Individuals of Dubai will be able to invest in UTI MF NFO's using Dirham cheques through Standard Chartered Bank there, UTI MF said here in a statement.

UTI MF Chief Marketing Officer Jaideep Bhattacharya said, ''with this initiative, Non-resident individuals in Dubai will now have the option of investing in our NFO's either in Dirham or Rupee cheques.

We propose to gradually extend this facility to non-resident individuals across the Middle East.'' UNI